1. Do Accounts Merge Together When You Get Married?

Not at all. Account holders are separate and remain separate when a marriage takes place. This is a common misconception because usually one of the spouses make a last name change to the same as the other spouse. Both spouses are only together on accounts when they sign as joint account holders.

2. Do Student Loans Combine After Marriage?

Not at all. These are separate accounts as well. 

3. Is It Best To Become Authorized Users On All Accounts?

Absolutely. Becoming authorized users on the spouse’s accounts will help increase credit scores on both reports. That is of course if the payments are made on time the utilization is at 30% or lower. This also to ensure that both partners have established credit histories and both are eligible to have accounts their name. Most credit card companies don’t charge to add authorized users. Be sure to check your credit card agreement before adding your spouse otherwise you may accrue an additional fee.

4. How Does Co-Signing Affect Married Couples? The same as a non-married couple or any joint applicant. Once both parties are on a loan agreement, they both will receive a positive or negative impact on their scores depending on how timely the payments are made.

5. What If There Are Joint Accounts & We Separate Or Divorce? If this unfortunate event takes place, be sure to discuss payment plans and options as the loan payments will impact the credit score on both reports. In rare cases, the courts can separate the loans. Keep in mind, refinances can always take place or if there is an auto or home loan, they can always be sold for a loss, gain, or $0 balance.